Holiday Coast’s selection of balance transfer credit cards

Holiday Coast is a credit union based in New South Wales which promotes fairness, equity, integrity and trust. Most Australians are attracted to the credit union due to the wide range of financial products offered. One such eye catcher is its Mycard selection of MasterCard credit cards which provide users with productive opportunities to transfer their debt from another lender and only pay 2.9% p.a. interest for the first 6 months.

As expected, many card users utilize such an opportunity to evade a mountain of high interest debt. Nevertheless, card users must be sure to pay the balance off within the first 6 months before they find themselves in another frustrating situation. Card users are always advised to keep the account open after the debt has been paid, so it is best to find a card that encompasses additional benefits other than just the low balance transfer rate.

With the selection of MyCard credit cards users can benefit from additional perks, such as a 55 day interest free period after each purchase. This feature enables users to “buy now and pay later” at no additional cost, as long as they make the full repayment within the stated period. This feature is best for users who routinely clear out their balance each month or just carry a minimal amount over from one month to the next. This way a user can still keep their credit rating good, while not paying excessive costs to do so.

The Holiday Coast MyCard also accompanies a rewards program, with which consumers will earn one point for every dollar spent with either the gold or silver card. As a Gold cardholder, members may also receive Qantas reward privileges which means they are automatically eligible to earn Qantas Frequent Flyer points.

Whilst the lender may not be well known, the card provided by MasterCard is accepted virtually everywhere in the world. As Gold and Silver Card holders, users are automatically covered by complementary insurances which protect purchased products from loss, theft and even damage. Gold card users automatically receive complimentary travel insurances when going overseas.

It is easy to see why card users who are seeking to pay off their high interest credit card debt may look to Holiday Coast Credit Union. The lender provides a great balance transfer opportunity on various credit cards, so users can pick a card that best suits their needs. Borrower must just be sure to also factor in the annual fee of each card while factoring the pros and cons of a balance transfer. The Silver card will cost users $45 annually and the Gold card with costs users $85.